Morning star plc. is a manufacturer of computer accessories. The following are selected items appearing in the income statement and balance sheet for the year ended December 31^st, 2015.

Income Statement
Net Sales	450,000
Less: Cost of Goods Sold	270,000
Gross Profit	180,000
Selling and general expenses	129,000
Net Operating profit	51,000
Interest expenses	6,000
Net Profit before ta	45,000
Income tax 35%	13,500
Net profit for the year	31,500

Balance Sheet
Cash and short-term investments	8,000
Receivables	38,000
Inventories	40,000
Property, plant & Equipment	214,000
Total Assets	300,000
Total current liabilities	40,000
Total Non-current liabilities	60,000
Shareholders Equity $10 par	80,000
Retained Earnings	120,000
Total Liabilities and Equity	300,000

Required:

Using the information above, compute the Companys ratio below and comment on each:

1. Current ratio
2. Asset Turnover

1. EPS
2. Interest cover
3. Gearing ratio